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pugh clause

Pugh clause. Oil & gas. A provision in an oil-and-gas lease modifying the effect of most lease-pooling clauses by severing pooled portions of the lease from unpooled portions of the lease. • Drilling or production on a pooled portion will not maintain the lease for the unpooled portions. The clause is named for Lawrence G.

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critical race theory

Critical Race Theory. 1. A reform movement within the legal profession, particularly within academia, whose adherents believe that the legal system has disempowered racial minorities. • The term first appeared in 1989. Critical race theorists observe that even if the law is couched in neutral language, it cannot be neutral because those who fashioned it

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pardon

pardon, n. The act or an instance of officially nullifying punishment or other legal consequences of a crime. • A pardon is usu. granted by the chief executive of a government. The President has the sole power to issue pardons for federal offenses, and state governors have the power to issue pardons for state crimes.

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divortium

divortium (di-vor-shee-[schwa]m), n. [Latin] 1. Roman law. Divorce; a severance of the marriage tie. • In classical law, no grounds were required. Cf. REPUDIUM. 2. Eccles. law. A decree allowing spouses to separate or declaring their marriage invalid. “Owing to the fact that the church had but slowly made up her mind to know no

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intromission

intromission (in-tr[schwa]-mish-[schwa]n). 1. The transactions of an employee or agent with funds provided by an employer or principal; loosely, dealing in the funds of another. 2. Scots law. The act of handling or dealing with the affairs or property of another; the possession of another’s property, with or without legal authority. legal intromission. Scots law.

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deficiency letter

deficiency letter. 1. An IRS letter to a taxpayer, detailing the ways in which a tax return seems to be deficient. 2. An SEC letter to a registrant of a securities offering, detailing the ways in which the registration statement seems not to conform to federal disclosure requirements. — Also termed letter of comment; letter

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canon law

canon law. 1. A body of western ecclesiastical law that was compiled from the 12th to 14th centuries. • It has grown steadily since that time, and is now codified in the Codex Juris Canonici of 1983, replacing that of 1918. — Also termed corpus juris canonici; papal law; jus canonicum. 2. A body of

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fidejussor

fidejussor (fI-dee-j[schwa]s-or or -j[schwa]s-[schwa]r). 1. Roman law. (ital.) A guarantor; a person who binds himself to pay another’s debt. 2. Hist. Maritime law. A person who acts as bail for a defendant in the Court of Admiralty. — Also spelled fideiussor. Cf. ADPROMISSOR. — fidejussory, adj. “The proceedings of the court of admiralty bear much

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